VA Loan Refinance & Rates: Home Loan Refinance for Veterans

Refinance my home

Home Value

Loan Amount

Credit Score

Zip Code

If You’re Active Military, a Veteran, Reservist or National Guard Member, You May Be Eligible for a VA Home Loan From PNC.

We're a Trusted Partner

You can feel confident choosing us as your financial partner for this important milestone in your life.

Whether you want to review your refinancing options or need help after the close, we’re available online, on the phone or face-to-face in your neighborhood branch.

Facts & Figures

If you’re Active Military, a Veteran, Reservist or National Guard member, you may be eligible for a VA Home loan from PNC.

Fixed and adjustable rate terms are available
100% financing available
Loan terms range between 15 and 30 years
Guaranteed by the Department of Veterans Affairs
No private mortgage insurance required (VA Funding Fee may be required based on veteran status)

Cost & Fees

Typically these fees range from 3% to 5% of the loan amount.

VA Loan FAQ

Tools & Calculators

Comparing loan options? Just looking for how much you can borrow? Use our home lending calculators to understand your refinancing options and help you decide.

The Abbreviated Guide Through the Refinancing Process

Understand the basics before you start the refinancing process.

Credit Score Basics

When you buy or refinance, your credit score is one of the first things a lender looks at. It helps them determine if you qualify for a loan, and what interest rate they can offer you.

Factors that may affect your Credit Score:

Length of Credit History
Amounts Owed
Payment History
New Credit
Types of Credit Used
Derogatory Credit

Your credit score reflects how reliable you are as a borrower, and is determined by your track record of borrowing and repaying banks, credit card companies and other lenders.

Factors that Determine Your Rate

Rates are usually based on a combination of the following factors:

Loan terms
Loan to Value Ratio
- The percentage of the lesser of the sales price/appraised property value that is borrowed from a bank or lender.
- Equity in your home of 20% would create a loan-to-value of 80%.
Points
Loan Product

Escrow Basics

Escrow Payment – That portion of a mortgagor's monthly payments held by a lender or servicer in an account to pay taxes, hazard insurance, mortgage insurance, lease payments, and other items as they become due. Also called impounds or reserves in some states.

An Escrow Account on your loan allows PNC Mortgage to make payments for certain bills related to your property, such as real estate property taxes, homeowners insurance, flood and other property related insurance, and mortgage insurance. Homeowners are generally required to have an escrow account until a certain loan to value ratio is met.

Escrow Analysis – The periodic examination of escrow accounts to determine if current monthly deposits will provide sufficient funds to pay taxes, insurance, and other bills when due.

Your annual Escrow Analysis Statement contains all the information you need to understand your previous and projected mortgage payments.

Refinancing Demystified

Looking to refinance? See options to lower your interest rate, payment, change terms, consolidate debt/get cash out, or take advantage of specialized loan products and programs. Learn more about refinancing and how to find out if the process could be worth it for you.

Which lending option is right for you depends on a number of factors, such as how much equity you have, how long you plan to stay in your home and if you want to receive money back. Before you decide, you should understand the basics.

To apply for a refinance, you’ll need to provide information about your income, assets and debts, plus any special circumstances that may impact your ability to repay.

In addition, the lender will arrange for an appraisal of your home, flood determination, a title search and title insurance. They may also set up an escrow account to pay for necessary insurance and property taxes.

Refinancing Application Checklist

Use this list to gather the documents you’ll need to refinance.

To apply for a refinance, you’ll need to provide information about your income, assets and debts, plus any special circumstances that may impact your ability to repay.

Be prepared to provide some or all of the items below:

Income Verification

Pay stubs for the last 30 days
W-2 forms for the last two years
Child support/alimony – Child support agreement and/or divorce decree and/or 12 months cancelled checks
Award letter/1099 for social security, pension and disability

If You Are Self Employed

Signed, completed tax returns for the past two years, including personal, partnership, and corporate, if applicable, including all schedules.
Year-to-date business profit and loss statement for current year, if more than three months have passed since the end of the tax year
Current balance sheet

Property Information

Most recent property tax bill
Current homeowner’s insurance policy, and flood any other property related insurance, such as flood insurance, if applicable

Assets

Original bank statements for the last three months, including savings, checking, investment accounts, and retirement accounts
Stocks and securities account statements for the last three months

Payment History

Child support/alimony
Bankruptcy/Consumer Credit, if applicable

Additional Information, If Applicable

Explanation of discrepancies on credit

Payment Methods	Main Details	How Does It Work?
PNC Online Banking	Pay your mortgage online using PNC Online Banking. It's free, secure and easy to use.	You can schedule payments from a PNC deposit account or from an external non-PNC deposit account. Click Make a Payment on your account activity screen in Online Banking.
Automated Payments	Enroll in the Automated Payment Program and have your monthly payment automatically deducted from any deposit account, including deposit accounts at other banks.	Download, complete, and return the Automated Payment Authorization form to the address or fax number listed on the form, or to your local PNC branch.
Pay by Phone	Pay your Mortgage by phone from any account including accounts at other banks	Call PNC Mortgage to make a payment
Mail Your Payment	Paying by mail	You’ll need to write your loan number on the appropriate documents and mail them.
In-Branch Payment	Paying in branch	Payment is accepted in many PNC bank branches during normal branch hours and is effective as of the date payment is made, although it may take up to 2 business days for the payment to be reflected on your account.
Bi-Weekly Automated Payments	Helps you pay off your loan faster and reduce the total interest you will pay on your mortgage.	A draft in the amount of half of your monthly payment is made every 2 weeks and held in escrow. A payment is applied after there are sufficient funds to make a complete payment, resulting in 13 payments being made in a year.

Need more information? From first mortgage to home equity, from setting up your online account to payment processing – explore the Understanding Home Lending Center to find the answers you need.

Credit History	Specific credit requirements vary based on a range of criteria including loan-to-value, debt-to-income ratios, previous credit history, and assets used to qualify for the loan, but in general successful applicants will have average or better credit.
Debt-to- Income Ratio	Specific debt-to-income requirements vary based on a range of criteria including loan-to-value ratio, assets used to qualify for the loan and credit score but typically a successful applicant will have a debt-to-income ratio (including the proposed loan payment) below 41%.
Loan-to-Value Ratio / Down Payment	VA loans may be used to refinance up to 100% of the value of your home.

Sign On to Online Banking or select another service

Banking

Borrowing

INVESTING & MANAGING WEALTH

Explore Topics

Popular

Featured

When is the Best Time to Buy a Car in 2025?

Stay Informed on News and Issues Impacting PNC Customers

Security & Privacy

Support

How Can We Help You

get a clear picture of where you are today and plan for the future you want

Earn up to $400

Maximize your cash back!

Low Cash Mode®

Earn $200

Welcome to PNC! How can we help you today?

Sign On to Online Banking or select another service

VA Loan Refinance

Refinance your mortgage for consistent principal and interest payments for the life of your home loan.

Current Rates

If You’re Active Military, a Veteran, Reservist or National Guard Member, You May Be Eligible for a VA Home Loan From PNC.

We're a Trusted Partner

Facts & Figures

Cost & Fees

VA Loan FAQ

Top customer questions about VA loans.

I served in the military, how do I know if I am eligible for this loan?

How much can I borrow?

How is my rate determined?

Tools & Calculators

Comparing loan options? Just looking for how much you can borrow? Use our home lending calculators to understand your refinancing options and help you decide.

Am I Better Off Refinancing?

What Will My Refinancing Costs Be?

See All Mortgage Calculators

The Abbreviated Guide Through the Refinancing Process

Understand the basics before you start the refinancing process.

Financial Basics

Credit Score Basics

Escrow Basics

How Does Refinancing Work?

Refinancing Application Checklist

Calculate: Am I better off refinancing?

Making Your Payments

Have Questions?

We're Here to Help

Call Us

Let's Start a Conversation

Get In Touch

Important Legal Disclosures & Information

SUPPORT

ON THE GO

ABOUT

Sign On to Online Banking
or select another service

Sign On to Online Banking
or select another service